Slow deliveries are caused more by soaring consumer demand amid COVID-19 than a broken supply chain, some experts say.
Author: Paul Davidson, USA TODAY
Powell says Fed is prepared to hike interest rates more aggressively, including by a half point at some meetings, to fight inflation
Powell says Federal Reserve is prepared to raise interest rate more sharply to fight inflation. That could include a half point hike at some meetings.
Fed raises interest rates for first time in 3 years to fight inflation, forecasts six more hikes in 2022
The Federal Reserve raised rates to battle inflation that’s at a 40-year high. It forecast six more hikes in 2022.
How Fed’s first rate hike in more than 3 years will affect credit card, mortgage, savings rates
How the Federal Reserve’s first rate hike in more than three years on Wednesday will affect credit card, mortgage, auto loan and savings rates.
‘It’s not fun:’ Soaring gas prices are walloping Americans but hitting lower-income hardest
As gas prices skyrocket, Americans are cutting back and economic growth will slow. Lower-income households are especially hard hit.
Inflation climbed at fastest pace since 1982 as consumer prices rose 7.9%, CPI report shows
The consumer price index rose 7.9% annually in February, a 40-year high, as soaring gasoline prices stoked an already sharp run-up in prices.
Are oil and gas companies price gouging consumers at the pump?
Analysts say oil and gas companies generally aren’t price-gouging consumers at the pump but sometimes their comments raise concerns
‘Lots of opportunities’: Revived economy drives unemployment for less-educated Americans to record low
The unemployment rate for people without a high school diploma fell lowest on record.
Economy added 678,000 jobs in February as omicron faded, dining, travel picked up, unemployment fell to 3.8%
Employers added 678,000 jobs in February as omicron faded and dining and travel picked up. Unemployment fell to 3.8%.
Will there be a recession in 2022? The odds are rising amid soaring inflation, high energy prices
The chances of a recession in 2022 are rising amid high energy prices, soaring inflation, Russia-Ukraine war and looming Fed rate hikes.